Tether (USDT)
Price, Value, Chart, and News

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Tether Price: $1.01-0.10%

What is Tether?

USDT is a asset issued on the Bitcoin blockchain Through the Omni Layer Protocol.

Every USDT unit is backed with a U.S Dollar held at the reservations of the Tether Limited and can be redeemed via the Tether Platform. USDT can be moved, saved, spent like bitcoins or some other cryptocurrency.
Tether currencies and USDT were created to facilitate the transfer of currencies, to provide users with a secure choice to Bitcoin and also to provide an alternative for trade and wallet audits which are unreliable. By introducing a Proof of Allergic Procedure, an alternative is provided by USDT to Proof of Solvency approaches.
From the Tether Proof of Reserves program, the quantity of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools supplied at Omnichest.info, while the corresponding total amount of USD held reservations is proved by releasing the bank balance and undergoing periodic audits by professionals.